Monthly Archives: October 2010

It has been obvious and clear that Lebanese economy has surpassed local unstable political situation and the global financial crisis in the past years; thanks to the careful and smart monetary policy of the central bank (that avoided much investment in highly risky financial tools and kept away from giving loans without taking adequate guarantees and making enough assessment for each bank customer who requests a loan). The governor of the central bank, Riad Salami, has been rewarded an international prize because Lebanese banking management and system have been proved successful. Besides, Lebanon has been one of few countries in the world that has had an economic growth of 9% and 8% in 2008 and 2009 respectively.